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Tenpay: The single transaction limit and annual transaction limit of WeChat foreign card payment have been increased_Oriental Fortune Network

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Tenpay: The single transaction limit and annual transaction limit of WeChat foreign card payment have been increased_Oriental Fortune Network

Tenpay Increases WeChat Foreign Card Payment Limits to Improve Services for Elderly and Foreigners

On March 7, the General Office of the State Council released the “Opinions on Further Optimizing Payment Services and Improving Payment Convenience”, emphasizing the importance of considering the needs of the elderly, foreigners in China, and other specific demographics. In line with this directive, Tenpay, the payment platform associated with WeChat, announced on the same day that they have increased the single transaction limit and annual transaction limit for WeChat foreign card payments.

Under the guidance of the People’s Bank of China and the State Administration of Foreign Exchange, Tenpay has implemented a dynamic management limit strategy to balance service improvements with risk prevention. This move aims to meet the increasing demands of users while ensuring a secure payment environment.

The “Opinions” issued by the State Council also highlight the importance of creating a more inclusive payment service environment to cater to the specific needs of the elderly and promote internationalization. Tenpay has committed to leveraging its financial technology capabilities to enhance the payment experience for these groups and facilitate the daily lives of foreigners residing in China.

As Tenpay continues to evolve its payment services in line with regulatory guidelines, users can expect a more seamless and convenient payment experience, especially when using foreign cards on WeChat. The company’s proactive approach to meeting the needs of diverse user groups reflects a broader trend towards enhancing financial inclusivity and accessibility in China’s digital economy.

Source: Jiemian News

Disclaimer: This article is published for informational purposes and does not constitute investment advice. Readers are advised to use their discretion when making financial decisions.

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